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Cauldron Energy Limited (ASX:CXU)

ALERT: Price-sensitive ASX Announcement for CXU
Current share price for CXU : $0.120 0.111 (1,163.16%)+
Announcement
Release
3 Apr 2025 9:48AM
Price at Release
$0.010
Full Release
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Summary
Cauldron Energy Limited has announced a maiden Mineral Resource Estimate (MRE) for the Manyingee South deposit of 11.1 million pounds of eU3O8, marking significant advancement in its Yanrey Uranium Project. This resource adds to the existing resources at the project, bringing the total to 42 million pounds of uranium oxide. The Manyingee South deposit is characterized by mineralisation that remains open in most directions across a significant palaeochannel width and length, highlighting the area's exploration potential. The company is optimistic about the future, with numerous high-priority targets identified for further exploration.
Key Points
  • Maiden Inferred Mineral Resource Estimate at Manyingee South of 11.1Mlbs eU3O8 reported.
  • Total Mineral Resources at Yanrey now comprise 42Mlbs of uranium oxide.
  • Mineralisation at Manyingee South remains open in most directions.
  • Cauldron Energy identified over 20 high-priority exploration targets.
  • The deposit is located within the highly prospective Yanrey Uranium Province.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.